BASF raises 2020 crop protection sales targets, ups investments

8:54 AM MDT | October 2, 2013 | Natasha Alperowicz in Limburgerhof

BASF, the third-largest agricultural chemicals producer, behind Syngenta and Bayer CropScience, has raised its 2020 crop protection sales targets to €8 billion ($10.8 billion) from the previously announced €6 billion, which it now hopes to reach by 2015, the company announced today. Speaking at a press briefing at the company’s crop protection headquarters in Limburgerhof, Germany, Markus Heldt, president/crop protection at BASF, said that these targets will be achieved through organic growth, including higher capital expenditure (capex), raised...